There’s some private sector movement with the Ring of Fire and both developments involve the second largest player at the site.
KWG intends to form a partnership with the Marten Falls First Nation.
It’s expected both sides will equally share the profits once mining begins at the James Bay site.
In addition, KWG now knows what a railroad would cost to get to the Ring of Fire.
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The cost is estimated at just more than 1.9 billion dollars.
KWG hired China Railway to study the feasibility of a rail line and found an area that crosses Marten Falls First Nation traditional territory is a viable route.